Nama : Deri Mustopa

NIM : 041623611

TUGAS 1
BAHASA INGGRIS NIAGA
1. Countries often provide support for their farmers using trade barriers and subsidy because:
a. Domestic agriculture, even if it is inefficient by world standards, can be an insurance
policy in case it becomes diffficult to buy agricultural produce from abroad.
b. Farmers groups have proved adept at lobbying
c. Politicians have sought to slow the depopulation of rural areas
d. Agricultural prices can be volatile, as a result of unpredictable weather, among other
things
e. Financial support can provide a safety net in unexpectedly severe market conditions.
2. A brand provides a guarantee of reliability and quality. Consumer trust is the basis of all
brand values. So companies that own the brands have an immense incentive to work to
retain that trust. Brands have value only where consumers have choice. A strong brand
often requires expensive advertising and good marketing, it can raise both price and
barriers to entry. But not to inspurable levels: brands fade as tastes change; if quality is not
maintained, neither is the brand.
3. The more competition there is, the more likely are firms to be efficient and prices to be low.
Perfet competitions is the most competitive market imaginable in which everybody is a
price taker. The winner of competition in my opinion is a monopoly.
4. For economists, it refers to the amount of a good or service that people are both willing and
able to buy.